AL Habib Islamic Term Deposit

Earn better profits than the regular saving accounts.

If you have financial ability to tuck away your money for a certain period of time and can place your deposit in a fixed tenure, for example for six months.
The AL Habib Islamic Term Deposit Account gives you opportunity to earn Shariah compliant returns in flexible deposit periods, which is tailor-made to meet your short-term and long-term financial needs.

Key Features

Term deposits based on Islamic principles of Mudarabah

Available in tenures of 7-days, 1-month, 3-months, 6-months, 1-year, 3-years, and 5-years

Minimum balance required PKR 25,000/-

Early encashment is allowed as per applicable Terms & Conditions

Profit rates are declared on monthly basis in arrears

Profit payout at maturity basis

Withholding Tax on profits and Zakat will be applicable as per laws

Deposit may be provided as security for allowing limits under Shariah Compliant modes of Finance

Make an Islamic Fixed Term Deposit

Visit nearest Bank AL Habib Branch or download account opening form online and submit the duly completed form with all supporting documents at any AL Habib Islamic Banking Branch or Islamic Windows.